Lowering Clinical Turnover Could Save Over $66 Million
Reduction in Turnover of Clinical Healthcare Professionals
A medical center partnered with Talent Plus to decrease their turnover. Over three years of utilizing Talent Plus assessments, this client saw a 7 percentage-point reduction in turnover, saving $13 million** in first-year turnover costs.
Company Details
Concept:
Reduction in Turnover of Clinical Healthcare Professionals
Solution:
Clinical Talent Online ® Assessment (TOA ®)
Industry:
Healthcare
Company:
Medical Center
Our impact
Lowering Clinical Turnover Could Save Over $66 Million
Candidates who were assessed using the Clinical TOA were 39% less likely to term than those not assessed by Talent Plus ®. If every clinical professional had been selected using The Science of Talent ®, the medical center would have saved over $66M in turnover costs.**
Source/Notes:
* NSI Nursing Solutions, Inc.
** Costs of turnover estimated using industry averages provided by client
First-Year Clinical Turnover
Overall Clinical Turnover
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